I can't believe I'm complaining about 44% mid-year returns, but after a down week, we're trailing TheStreet.Com, as well as three of the backtested annual screens (RS-IBD, Formula 90, and RS-26 week). Unless this baby pulls out the stops later this year and handily beats the other screens, I for one, will probably drop this approach in 2000. Although, I might not be able to resist keeping a few of my favorite internet bets. Its times like these thatthe backtest results provide needed unemotional ballast. Nevertheless, I'm staying the course through 1999!

The Killer Net Screen is an internet momentum strategy based on selecting 10 internet stocks with the highest 26-week RS and trading/rebalancing semi-annually. Returns are YTD from 1/4/99. Stocks held during the first half of 1999 included: GEEK, EBAY, NSOL, DRIV, AMZN, YHOO, EGRP, SONE, MSPG, and MACR.

Note that this screen has not been backtested. Mechanical trading and/or rebalancing at other regular intervals (monthly, quarterly, annually) may also be appropriate depending on your investing style. This is an extremely volatile screen, which I personally use only as a small addition to a diversified KILLER PORTFOLIO. So proceed at your own risk.

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